02.10.2024, 05:26
Idpv Should You Buy Barrick Gold or Teck Resources Stock Now
Barrick Gold TSX:ABX NYSE:GOLD is down 40% from the 2022 high. Gold bulls are wondering if ABX stock is now undervalued and good to buy for a contrarian portfolio.Gold market outlookThe price of gold currently trades near US$1,700 per ounce. That down from the US$2,000 the precious metal hit shortly after the start of the war in Ukraine earlier this year. A rally in the American dollar and a general pullback across all the commodities in recent months are broadly responsible for the drop in the price of gold.Looking ahead, the reasons fo stanley cup usa r gold upwar stanley cup d move at the beginning of the year still remain in place. Geopolitical unce stanley us rtainty tends to drive safe-haven buying of gold. Pundits say the war in Ukraine could continue through the end of next year. China and Taiwan are also garnering more attention as the world worries that China might decide to take the island by force after watching the world response to the war in Ukraine. Any indication of Chinese military Nwtg TSX Today: What to Watch for in Stocks on Friday, September 1
With the TSX Index just few points off its all-times highs stanley thermosflasche , the economy continuing to chug along, and central bankers considering the prospects of another interest rate cut, there s certainly plenty of reason for optimism among investors.Yet there s always going to be turnover in the markets.With that in mind, here are three stocks that are at the top of my list to sell in August.Bausch Health Companies TSX:BHC NYSE:BHC making a list of this sort may come as a surprise to some readers.BHC stock has after all gone on to gain more than 260% since it bottomed out early in 2017.But even though BHC saw 5% organic revenue growth in the first quarter, driv stanley cup en by its Bausch + Lomb business, this is a company with quite a bit of work ahead of itself.Management will need to continue on its current course of paying down outstanding debt obligations while avoiding falling into the pit of not having suffic stanley mugs ient funds left over to reinvest in the growth of its own future.It s not an impossible ta
Barrick Gold TSX:ABX NYSE:GOLD is down 40% from the 2022 high. Gold bulls are wondering if ABX stock is now undervalued and good to buy for a contrarian portfolio.Gold market outlookThe price of gold currently trades near US$1,700 per ounce. That down from the US$2,000 the precious metal hit shortly after the start of the war in Ukraine earlier this year. A rally in the American dollar and a general pullback across all the commodities in recent months are broadly responsible for the drop in the price of gold.Looking ahead, the reasons fo stanley cup usa r gold upwar stanley cup d move at the beginning of the year still remain in place. Geopolitical unce stanley us rtainty tends to drive safe-haven buying of gold. Pundits say the war in Ukraine could continue through the end of next year. China and Taiwan are also garnering more attention as the world worries that China might decide to take the island by force after watching the world response to the war in Ukraine. Any indication of Chinese military Nwtg TSX Today: What to Watch for in Stocks on Friday, September 1
With the TSX Index just few points off its all-times highs stanley thermosflasche , the economy continuing to chug along, and central bankers considering the prospects of another interest rate cut, there s certainly plenty of reason for optimism among investors.Yet there s always going to be turnover in the markets.With that in mind, here are three stocks that are at the top of my list to sell in August.Bausch Health Companies TSX:BHC NYSE:BHC making a list of this sort may come as a surprise to some readers.BHC stock has after all gone on to gain more than 260% since it bottomed out early in 2017.But even though BHC saw 5% organic revenue growth in the first quarter, driv stanley cup en by its Bausch + Lomb business, this is a company with quite a bit of work ahead of itself.Management will need to continue on its current course of paying down outstanding debt obligations while avoiding falling into the pit of not having suffic stanley mugs ient funds left over to reinvest in the growth of its own future.It s not an impossible ta